According to researcher Naveen_0505, published on May 20, 2025, the Pump.fun platform, known as the 'meme token factory' on the Solana blockchain, has been flooded with bots. They generate 60-80% of the trading volume for some tokens, creating artificial hype (FOMO) and inflating prices. Such actions distort the market by mimicking real trading activity to attract buyers. This raises concerns about manipulation and the transparency of the platform.
Pump.fun, launched in January 2024, became popular due to the ease of creating meme tokens: users can launch a token in a few minutes for just 0.02 SOL. However, with the rise in popularity, the platform faced issues. Previously, analysts at Solidus Labs reported that 98.6% of tokens on Pump.fun are associated with fraud schemes such as rug pulls and Pump & Dump. The researcher also noted that bot activity is particularly noticeable during sharp price spikes in meme tokens.
The situation highlights the vulnerability of the meme token market to manipulation and the need for enhanced security measures. Investors are advised to be cautious, checking the activity of tokens before investing. Stay updated on cryptocurrency market news and join #MiningUpdates
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